INTRALOT ANNOUNCES ITS CONSORTIUM SELECTED FOR THE GREEK STATE LOTTERIES’ CONCESSION
The Consortium for the acquisition of the 12-year concession for the exclusive rights to the production, operation, circulation, promotion and management of the Hellenic Lotteries in Greece, today announces its provisional selection as the successful bidder for the concession. Today’s decision of the Hellenic Republic Assets Development Fund (the “Fund”), is subject to various regulatory approvals, including parliamentary approval.
The Consortium is comprised of companies controlled by OPAP S.A. (ATH: OPAP), Lottomatica Group (MIL: LTO), Scientific Games (Nasdaq: SGMS) and Intralot (ATH: INLOT).
The Consortium, after internal deliberations, offered an upfront payment of €190 million which was accepted by the Fund. In addition, the Consortium guarantees a minimum of €580 million additional payments over the life of the 12 year concession period. Lottomatica decided to exercise its pre-existing option to dilute to one share and transferred its remaining interests to OPAP.
INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content, sports betting management and interactive gaming services to state-licensed gaming organizations worldwide. Its broad portfolio of products & services, its know-how of Lottery, Betting, Racing & Video Lottery operations and its leading-edge technology, give INTRALOT a competitive advantage which contributes directly to customers’ efficiency, profitability and growth. With presence in more than 53 countries, with approximately 5.500 people and revenues of €1.2 billion for 2011, INTRALOT has established its presence on all 5 continents.